Asure Software (NASDAQ:ASUR) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $20.00 target price on the technology company’s stock.

A number of other brokerages have also weighed in on ASUR. Northland Securities upped their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Stephens reissued an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research report on Wednesday. Finally, Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $14.17.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $12.12 on Wednesday. The firm has a market cap of $321.79 million, a PE ratio of -25.79, a PEG ratio of 1.11 and a beta of 0.53. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.39. The company has a fifty day moving average price of $9.64 and a 200 day moving average price of $9.19.

Institutional Investors Weigh In On Asure Software

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the period. Huntington National Bank bought a new stake in shares of Asure Software in the 3rd quarter valued at about $64,000. American Century Companies Inc. raised its holdings in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares during the period. Rhumbline Advisers raised its holdings in shares of Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,948 shares during the period. Finally, Barclays PLC raised its holdings in shares of Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after purchasing an additional 21,533 shares during the period. 71.58% of the stock is owned by institutional investors.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.